Technical analysis by Henrybillion about Symbol PAXG on 5/12/2025

On the 15-minute timeframe, Bitcoin has undergone an uptrend from around $102,400 to a high of nearly $104,000. During this period, there was a slight correction but did not break the bullish structure, confirming that buying power remained strong. After that, the price formed a descending triangle pattern with the upper edge being the downtrend line and the lower edge being the support zone around $103,600.If the price breaks the upper edge ($104,000) with high volume, there is a possibility that the price will break out to $104,800 or higher. If the support zone of $103,600 is broken, the price may retest $103,200 like the previous triangle pattern.Bitcoin is at a sensitive threshold for the descending triangle pattern. Closely monitor the breakout to avoid missing out on trading opportunities!TRADING STRATEGY:- Buy when price breaks $104,000 with a strong bullish candle, take short profit at $104,400, stop loss below $103,800.- If price drops below $103,600, enter short order, take profit at $103,200, stop loss above $104,000.